Key Insights:

• PI crypto surged to $0.29 after an impressive parabolic move, riding on the Kraken listing and mainnet upgrade.
• Deeply overbought conditions highlight profit-taking risk.
• The Pi coin listing on Kraken marks a critical step in the project’s journey.

Pi Crypto, the native cryptocurrency of the Pi network, became the biggest gainer among the top 50 coins by market cap. Experts expected it to be a “buy-the-rumor, sell-the-news “ event.

Pi coin surged as high as $0.29 earlier in the day and had a $0.20 press time price. Its weekly change revealed that it was up by over 38% in the last 7 days. This latest rally propelled this altcoin to levels last seen in November last year. In fact, its uptick this week…